Compliance Specialist
TLDR: Compliance Specialist - analyzing user transactions for financial crime/fraud for a fintech company. Must be bilingual (Spanish and English), this position is in person, downtown West Palm Beach - Monday - Friday 10AM - 6 PM. Salary position 50k/year MUST APPLY VIA LINK - NOT VIA HANDSHAKE
What Is MyBambu?
MyBambu is a financial institution delivering the first all in one mobile digital banking solution targeting the Hispanic unbanked and underbanked population. The mission of MyBambu is to promote financial inclusion to the unbanked and underbanked by providing an array of financial solutions delivered via mobile devices. We give an overlooked audience a convenient, safe, and cost-effective way of managing their finances. MyBambu’s objective is to promote financial literacy and access to unbanked/underbanked individuals, who have previously been left behind. In 2020, we were honored to be recognized as FIS’s Impact Award winner for innovation in the next frontier of the Modern Banking Platform. We’ve fostered a company culture that empowers people to do the most defining work in their career offering an environment that’s made up of a passionate and goal-oriented team.
MyBambu participates in E-verify and will provide the Social Security Administration (SSA) and, if necessary, the Department of Homeland Security (DHS), with information from each new hire’s Form I-9 to confirm work authorization. Find out more information: E-Verify Participation Poster or Right to Work Poster.
Your Opportunity
The impact that you can have at MyBambu is powerful. We’re looking for someone who’s eager to take on a meaningful role in the success of MyBambu on a massive scale. Someone who takes works seriously, but also isn’t afraid to have some fun either. Someone who’s ready to take MyBambu—and their career—to the next level.
This position is a full-time, in person position reporting to the Compliance Manager. As the Compliance Specialist you will have the key role in adhering/upholding to policies and process documentation that is critical to the effectiveness of our client’s world-class program on financial crime compliance. You will be instrumental in developing and then managing programs that ensure compliance with complex financial industry legal requirements in areas such as anti-money laundering, counter terrorist financing, financial intelligence and suspicious activity reporting, sanctions screening, and anti-bribery and corruption. The role is well suited to candidates with legal or financial backgrounds and requires prior knowledge of global financial crime compliance.
Job Responsibilities
- Creating both policy and procedural documentation to govern a domestic and global program around financial crime compliance, including anti-money laundering (AML), counter terrorist financing (CTF), customer due diligence (CDD) and suspicious activity reports (SARs), economic and trade sanctions (e.g., OFAC), anti-bribery and corruption (ABC), prohibited and restricted products and services, and financial crime investigations.
- Direct oversight and responsibility for policies and procedures that satisfy legal requirements and operational objectives and that are readily understood and facilitate day-to-day program execution.
- Review daily transactions to ensure that all activity is in compliance w/ current BSA/AML regulatory standards.
- Review daily reports and reconciliations of all daily transaction and new customer accounts within compliance databases.
- Conduct investigations on individuals and activity that are deemed possibly suspicious.
- File Suspicious Activity Reports for confirmed Suspicious Activity.
- Review and validation of High-Risk KYC files.
- Screening live payments for potential OFAC violations.
- Reviewing and validating Transaction Filtering and Monitoring Programs.
- Assist with analysis of data for partner bank’s BSA/AML and OFAC Risk Assessments.
- Communicating the changes within US and global crime compliance regulation landscape, ensuring that new compliance regulations are incorporated into ongoing programs.
Skill and Abilities:
- Exceptional writing skills, particularly skill in creating high-quality documents that prescribe or govern the activities of and relationships among people – such as policies and procedures, commercial contracts, corporate transactional documents or legislation/regulations.
- The ability to understand dynamic contexts comprised of legal requirements, business objectives, resource constraints and stakeholder interests; and to exercise insight, creativity and judgment in conceiving ways of guiding and organizing people’s activities that “work” on multiple levels.
- Strong communication and interpersonal skills to support effective collaboration, including a capacity for building consensus in the face of divergent interests or viewpoints.
- Attention to detail, strong work ethic, good humor and enthusiasm for tackling complex challenges. Ability to drive multiple projects simultaneously, with effective resolution of competing priorities.
Job Requirements:
- Five or more years of professional experience in Financial Crimes compliance and risk management. Substantive knowledge of legal, policy and/or operational aspects of financial crime compliance programs (e.g., AML/CTF, CDD, SARs, sanctions/OFAC, ABC and/or financial crime investigations.
- Bachelor’s degree required; strong preference for candidates with graduate education in law (J.D. or equivalent) or another discipline with heavy emphasis on analytical and writing skills.
- CAMS or CFCS certification preferable, but not required.
Physical Requirements:
- Prolonged periods sitting at a desk and working on a computer.
- Must be able to lift up to 15 pounds at times.
MyBambu Benefits
- Excellent medical coverage.
- A flexible vacation policy.
- Our small family corporate culture.